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UniCredit’s board was holding informal discussions over the Italian bank’s governance on Sunday, a person familiar with the matter said, amid doubts over whether its chief executive will stay. Jean Pierre Mustier’s mandate comes up for renewal in the spring, and three people familiar with the matter said there was a growing rift with theRead More
Asia Pacific stocks were mostly down on Monday morning, taking a breather from a record-breaking month as November draws to a close. Positive Chinese manufacturing data and hopes for a COVID-19 vaccine-driven economic recovery, as well as the possibility of more stimulus from central banks, helped calm some COVID-19 worries in the near-term. Hong Kong’sRead More
In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of provincially owned automaker Huachen Group. It was a milestone for the iconic Bavarian marque, whose cars proved massively popular in what became the world’s largestRead More
Tesla has recalled more than 9,500 of its vehicles because of faulty roof and bolts, Reuters reported, citing documents from the National Highway Traffic Safety Administration (NHTSA). The recalls involve Tesla’s (TSLA) 9,136 Model X vehicles from the 2016 model year. According to the NHTSA document, “On September 21, 2020, Field Quality was made awareRead More
A South Korean agency for protecting personal information on Wednesday fined Facebook Inc (NASDAQ:FB) 6.7 billion won ($6.06 million) and sought a criminal investigation for providing users’ personal information to other operators without consent. The country’s Personal Information Protection Commission, launched in August this year, said in a statement it fined Facebook after a probeRead More
Ryanair hopes to place additional orders for Boeing (NYSE:BA)’s freshly approved 737 MAX in talks that are set to conclude late this year or in early 2021, CEO Michael O’Leary said in an interview on Tuesday. “I think it is important for Boeing to announce some customer orders and we would certainly be very keenRead More